SOURCE: Titan Energy Worldwide

Titan Energy Worldwide

August 13, 2009 10:51 ET

Titan Energy Worldwide Announces $356,000 in New Orders of Power Generation Equipment for Minnesota Dept of Transportation

Order Includes 30 Emergency Back Up Power Units to Support Critical Communication Services

MINNEAPOLIS, MN--(Marketwire - August 13, 2009) - Titan Energy Worldwide, Inc. (OTCBB: TEWI), a leader in the manufacturing, marketing and servicing of energy generation products and services, announced today that its Midwest subsidiary, Titan Energy Systems, received orders for thirty (30) emergency power engine generators totaling nearly $356,000. These units will provide emergency power back up for radio towers owned and operated by the Minnesota Dept of Transportation.

"We are very pleased to have been chosen to provide these back up power systems to the Minnesota Dept of Transportation. These units will help support critical communications for the state and local government agencies particularly during time of emergency and power outages. These units will be commissioned by Titan's growing service department and provide a revenue stream for up to 20 years in preventive and emergency maintenance," stated Thomas Black, Chief Operating Officer of Titan Energy Worldwide, Inc.

About Titan Energy Worldwide, Inc.

Titan Energy is a leader in the manufacturing, marketing and servicing of energy generation products and services, including development and support for new energy-related technology. Founded in 2005, Titan combines engineering expertise, established sales and distributorships, service operations and unique strategic partnerships to meet the growing global demand for clean, efficient, energy solutions. Titan serves disaster recovery first responders, relief agencies, homeland security, the department of defense and municipalities. For more information, visit the company's website at: www.titanenergy.com.

Forward-Looking Statements

Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of TEWI officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future TEWI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and TEWI has no specific intention to update these statements.

Contact Information

  • For more information about Titan Energy Worldwide please contact:
    Jeffrey Flannery
    Titan Energy Worldwide, Inc.
    619-988-5869
    Email Contact